Cape Verde Wind Energy Storage Power Station

Where is the largest power station in Cape Verde?

The largest power station in Cape Verde is located in the City of Praia with an installed capacity of 31 MW.

Does Cape Verde have a wind farm?

The Cape Verde government has signed a contract with the domestic partly state-owned wind power operator, Cabeolica, to support its wind farm expansion and battery installation projects in the archipelago nation off the West African coast. Image credits: Alamy Stock Photo.

How can Cape Verde save money on fuel imports?

The company will also add a battery energy storage system (BESS) with a capacity of 9 MW/5 MWh in Santiago and another unit of 6 MW/6MWh on the island of Sal. The new facilities will contribute to annual cost savings of around CVE 1 billion in fuel imports, according to Cape Verde’s minister of industry, trade and energy Alexandre Monteiro.

When will Cape Verde's wind farm expansion start?

Works on the wind farm expansion are due to commence in July 2024. Cape Verde’s renewables account for 20% of the total installed capacity in the country, according to ALER, the renewables association of Portuguese-speaking African countries.

How much money will cabeolica invest in a new wind farm?

The initiative represents an investment of CVE 5 billion (USD 48.2m/EUR 45.3m), financed by the European Investment Bank, African Development Bank and AFC Equity Investments, the government said. Cabeolica will use the funds to add more turbines to its Santiago wind farm in the namesake island to raise its capacity to 22 MW from 9 MW.

Who owns Electra in Cape Verde?

The company's largest shareholder, with a 50% stake, is AFC Equity Investments, a wholly-owned subsidiary of Africa Finance Corporation. Danish fund manager A.P. Moller Capital has owned a 44% stake since 2021. The government of Cape Verde and national utility Electra hold the remaining 6%. (CVE 100 = USD 0.963/EUR 0.907)